Adsense

Tuesday, May 3, 2016

Monthly Forecast on Gulf Keystone (May 2016)

Gulf Keystone shares (LSE:GKP) were under selling pressure for most of the year 2015. The price has also been bearish so far this year and this is a trend that is expected to continue.


In the daily chart, 4 EMAs are used, and they are EMAs 10, 20, 50 and 200. The color that stands for each EMA is shown at the top right part of the chart. All the EMAs are sloping downwards, which means that outlook on the market is bearish. The price is supposed to go further southwards.

In this type of market, any upward bounces into the EMA 10 or 20 (even EMA 50), should be seen as a buying opportunity. Gulf Keystone is a bear market. 

This forecast is ended by the quote below:

“We plan out what we are going to do before the market actually does it.” – Sam Evans

Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

What Super Traders Don’t Want You To Know: Super Traders


Buy and sell Neteller here; get funded quickly: www.ituglobalfx.com.ng


No comments:

Post a Comment

The default minimum deposit amounts are: $100 for Micro accounts, $500 for Pro-Managed accounts, and $2,000 for Pro accounts However, an optional "suggested deposit amount" parameter may be used.